Growth at the crossroads of change

Overview | Chi Fulin

Strong service sector will play important role in healthy economic development

China's economic transformation is at a turning point. There are increasing pressures of an economic slowdown, and China's GDP growth fell to 7.3 percent in the third quarter of this year compared with the same period last year, hitting a new low since the first quarter of 2009. But upgrades to its economic structure are taking shape. In the first three quarters of this year, the added value of the service sector accounted for 46.7 percent of GDP, a historic high.